$SPY near 590 is running on fumes, not fundamentals. One sharp policy move ends it. JPM has a massive LONG PUT position with $530 strike ending June 30.
First, confusion swirled around whether current tariffs were paused or still active. Now, the court ruling adds another layer — was it a halt, a pause, or a reinstatement? Despite all this chaos, $SPY holding near 590 is nothing short …